Here Comes The Squeeze! (RIMM) in [Market-Ticker]

Posted 2013-02-01 13:24
by Karl Denninger
in Company Specific

Here Comes The Squeeze! (RIMM)

Oh boy...

http://www.ebay.com/itm/Brand-New-In-Hand-Unlocked-BlackBerry-Z10-BB-BE-THE-FIRST-/271147876917?pt=Cell_Phones&hash=item3f21ac4235

Want one now? Just $1,500 and it can be yours (or more, if the bidding keeps going.)

This sort of thing hasn't been seen since the Apple original iPhone. Further, there are multiple reports coming from Britain and other places where the phone has been released that vendors are getting extremely strong pre-sales orders (far beyond their expectations) or are refusing to sell a "naked" phone without a contract plan, despite the fact that this is commonly the case in Europe. Again, this points to very strong demand.

Those who believed there was going to be no end-user demand for this handset may be about to be proved dramatically and catastrophically wrong.

Discussion below (registration required to post)

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User Info	Here Comes The Squeeze! (RIMM) in forum [Market-Ticker]
Wearedoomed Posts: 3584 Incept: 2009-01-14 slightly red state Online	So when are you buying one? ---------- And you, my father, there on the sad height, Curse, bless me now with your fierce tears, I pray. Do not go gentle into that good night. Rage, rage against the dying of the light. 2013-02-01 13:26:41 Permalink
Lowbeyond Posts: 16895 Incept: 2008-02-11 CO aka West NJ/East CA Online	ill never understand why people bid up the price on commodity electronics hardware where the manufacturer will make as many as the market will bear. ---------- Maybe it was a birdy bread-bomber from the future?! 2013-02-01 13:27:26 Permalink
Genesis Posts: 130744 Incept: 2007-06-26	Not at $1,500. But yeah, I'm probably going to get one. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2013-02-01 13:27:46 Permalink
Mistermagoo Posts: 48 Incept: 2012-04-04 Banned	If I were to get a mobile phone (don't currently have one), I'd take a long look at a new Blackberry. I have the Playbook and love it...hope all these new apps for the phones find their way to becoming apps for the Playbook. 2013-02-01 13:29:43 Permalink
Fraudster Posts: 4174 Incept: 2011-05-10	$1500? R-I-P-O-F-F From a user experience perspective, I just don't see the compelling story to get this over an Android handset, or even the iCrap. ---------- *"Let China sleep, for when she wakes, she will shake the world."* - Napoleon Bonaparte *"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]."* - Foundation & Empire by Isaac Asimov 2013-02-01 13:32:19 Permalink
Genesis Posts: 130744 Incept: 2007-06-26	How do you know Fraud? ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2013-02-01 13:32:58 Permalink
End_the_bubbles Posts: 9519 Incept: 2009-03-25 The New 3rd World	Demand may be strong, but it probably won't do much for the stock. Wall Street despises the company now. ---------- In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters. 2013-02-01 13:34:23 Permalink
Fraudster Posts: 4174 Incept: 2011-05-10	Seen enough based on the the features and UI comments from the 8 reviews I have seen. And they have all been consistent. My first hurdle, is that I am not interested in the UI experience that the BB Z10 is offering. It just seems like a big hassle. Then go from there. ---------- *"Let China sleep, for when she wakes, she will shake the world."* - Napoleon Bonaparte *"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]."* - Foundation & Empire by Isaac Asimov 2013-02-01 13:34:49 Permalink
Digitlman Posts: 330 Incept: 2011-03-04	I think it is apparent that, in the future, Google wants to both offer handsets as well as mobile service. So the field may expand to the Big 4? BB has a lot of hill to roll that rock up in the form of Apple and Android. We shall see. Good luck to them. (As an aside, I hope this at least turns up the competition heat for all involved, to the benefit of the consumer in lower priced, faster gear. Intel sat on their asses until AMD and Cyrix came along, and the arms race among them fueled a PC CPU boom. I hope to see the same here.) 2013-02-01 13:39:19 Permalink
Raggededge Posts: 34 Incept: 2010-02-26 Springfield, TN	I don't get this either, for a casual end user, what does the BB10 offer that existing phones don't? For businesses, yes, I understand the interest. I still don't understand Rims reluctance to opening GAPPS fully. Now that I have had my Note 2 for 3 months, it's going to be hard to do without some of the apps. I know I can side load, but updating side loaded apps is a hassle. 2013-02-01 13:40:28 From PDA Permalink
Genesis Posts: 130744 Incept: 2007-06-26	Android is a huge hairball internally, and beyond redemption. I've ported it so I know exactly what it looks like -- AOSP is arguably one of the more-stupid things Google ever did, as it let anyone who wants to look behind the curtain at their code development and vetting process. It ain't pretty. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2013-02-01 13:40:37 Permalink
Obseedian Posts: 11872 Incept: 2007-07-26 BBRY Central	Quote: Demand may be strong, but it probably won't do much for the stock. Wall Street despises the company now. Hate will have nothing to do with it. If they start showing earnings the stock will go up. It's still trading significantly below book. Disclosure: gone long RIMM for **s & giggles ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Those who vote decide nothing. Those who count the vote decide everything. - Joseph Stalin 2013-02-01 14:00:50 Permalink
Alchemista2 Posts: 89 Incept: 2008-09-25 DC	Karl - you haven't been posting your position disclosure on your RIMM posts, can you please add them? 2013-02-01 14:04:52 Permalink
Genesis Posts: 130744 Incept: 2007-06-26	The Ticker is not a trading tout sheet. I talk about various entry points and trades in both Ticks and my nightlies. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2013-02-01 14:08:12 Permalink
Mannfm11 Posts: 3544 Incept: 2009-02-28 DFW, Tx	Wall Street might hate the stock so they can get it cheap. When they are hyping, they are selling. America is made up of carnival barkers. Ever go to a NBA game? A damn circus. BTW, the yen is on or near the bottom of the trend channel and close to the measurement of the H&S top. I'm going to play it to my pain threshold, which depends on what day I get up. I have always loved to try to catch a falling safe. The wave count looks close to done. I wouldn't try this at home, because there is good chance I'm going to eat 100 points and come up empty. The channel has pretty well held for over 2000 points and where it actually lies is guesswork. The wavers all say there is another big move up in the yen. Remember, Bennie is printing like crazy and the JCB said they might do it next year. Japan has the only major nearly liquidated stock market on earth, major brand names. Counter argument? Government broke and dependent on ZIRP, population aging, China a threat. That can be said for the entire world. ---------- The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith 2013-02-01 14:23:42 Permalink
Obseedian Posts: 11872 Incept: 2007-07-26 BBRY Central	Seems like a lot of developer support for a "dying" company... http://press.blackberry.com/press/2013/b.... Quote: BlackBerry welcomes more than 1000 of the top app partners with relevant, local content from every region of the globe Jan 31, 2013 Waterloo, ON A phenomenal lineup of top brands and applications have committed to the BlackBerryŽ 10 platform, giving the new platform the strongest content offering of any first generation mobile platform at launch. Yesterday at the BlackBerry 10 launch event in New York, BlackBerryŽ (NASDAQ: RIMM; TSX: RIM) announced that 1000 of the top app partners will be making their applications available on the BlackBerryŽ World storefront. The partners range from leaders in social media to the top games, sports, productivity, lifestyle apps, and more. BlackBerry Vice President of Global Alliances and Business Development, Martyn Mallick took to the stage yesterday to showcase some of applications committed to BlackBerry 10, and attendees were able to play with some of the applications for the new platform. Being able to announce 1000 of the top app partners is a testament to the strength of BlackBerry 10, the ease of developing for this powerful new platform, and the remarkable opportunity that it represents for developers and brands alike, said Mallick. We have focused on bringing the most relevant apps to BlackBerry 10 whether they are global leaders in their categories, or whether they are regional must-have apps. We are thrilled and want to thank all the developers that have shown such strong support of a platform before it has commercially launched. We share in their excitement and belief in BlackBerry 10.... ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Those who vote decide nothing. Those who count the vote decide everything. - Joseph Stalin 2013-02-01 14:45:44 Permalink
Jb350 Posts: 359 Incept: 2011-06-10 Detroit metro Banned	When I read the RIMM chart I see $10 in the next week. Of course I could be reading it wrong lol. 2013-02-01 14:55:56 Permalink
Flyanddive Posts: 578 Incept: 2008-10-10 Detroit	I see a lot of people making negative comments on the youtube videos, but to tell you the truth I like it. I'm starting to get sick of my android phone, I hate how presentation is now front and center instead of functionality. I find myself these days deleting most of my apps as they are completely useless. ---------- "I've seen people go into real poverty trying to pretend to be rich." 2013-02-01 15:01:07 Permalink
Alchemista2 Posts: 89 Incept: 2008-09-25 DC	Karl - I just mean from an honest reporting / blog perspective (not from trading guidance). Most writers put a disclosure statement of their position they are commenting on. You usually do it too. 2013-02-01 15:48:52 Permalink
Musicandnature Posts: 1953 Incept: 2007-12-05 NJ	alc are you not able to deduce his next pending or current position from the ticker itself ? ---------- Since it costs a lot to win, and even more to lose, You and me bound to spend some time wonder'n what to choose. Goes to show, you don't ever know, watch each card you play and play it slow...Wait until that deal come round, don't you let that deal go down, no no. Garcia/Hunter. 2013-02-01 22:33:40 Permalink
Yayankee Posts: 25 Incept: 2009-06-09 New York	Engadget editor will be doing a 30 day blog on the Z10...it will be the only device he uses. Should be interesting to follow and gleam any info we can on its success or failure. http://www.engadget.com/tag/bradberry/ 2013-02-02 09:20:37 Permalink
Billonthehill Posts: 2004 Incept: 2008-01-20 Six feet short of heaven	Pay attention ladies. On Monday RIMM begins trading under the new stock symbol BBRY. Options will switch as well. I love fresh squeezed. ---------- "Interesting to be talking about Deeds of Trust. When there is no trust." - Anonymous Caller to KOH Reno Talk Radio 10.21.10The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to a close. In its place we are entering a period of consequencesChurchill 36 " 2013-02-02 14:54:14 Permalink
Yayankee Posts: 25 Incept: 2009-06-09 New York	For what it's worth: BBRY is trading up in PM by 5% According to channel checks conducted by Jefferies & Co., preorders in the United Arab Emirates and Canada have so far been solid. More encouraging, though, are early reports from the U.K., where Z10 sales are evidently off to a good start. Jefferies analyst Peter Misek reports lines outside a number of U.K .retailers selling the device, and says that sell-outs of the white Z10 have been widespread. The black Z10 is easier to come by, but Misek says that with that device, too, stocks are limited. We believe Carphone Warehouse is seeing widespread sell-outs, while O2, Vodafone, Orange and EE are seeing robust demand, Misek explained. We estimate sell-in to be at least several hundred thousand units. http://allthingsd.com/20130204/blackberr.... Last modified: 2013-02-04 07:11:41 by yayankee 2013-02-04 07:02:40 Permalink
Genesis Posts: 130744 Incept: 2007-06-26	Bernstein raised the stock to "outperform" with a $22 target. They clearly think the phone will sell. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* Last modified: 2013-02-04 07:21:32 by genesis 2013-02-04 07:20:48 Permalink

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